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NEWS RELEASE AMD Reports Third Quarter 2021 Financial Results Revenue increased 54 percent year - over - year Gross Margin grew more than 4 percentage points year - over - year to 48 percent Revenue ( $ M ) Gross profit ( $ M ) Gross margin % Operating expenses ( $ M ) Operating income ( $ M ) Operating margin % Net income ( $ M ) Earnings per share Revenue ( $ M ) Gross profit ( $ M ) Gross margin % Operating expenses ( $ M ) Operating income ( $ M ) Operating margin % Net income ( $ M ) Earnings per share SANTA CLARA , Calif . - October 26 , 2021 - AMD ( NASDAQ : AMD ) today announced revenue for the third quarter of 2021 of $ 4.3 billion , operating income of $ 948 million , net income of $ 923 million and diluted earnings per share of $ 0.75 . On a non - GAAP * basis , operating income was $ 1.1 billion , net income was $ 893 million and diluted earnings per share were $ 0.73 . GAAP Quarterly Financial Results Q3 2020 Q3 2021 $ 4,313 $ 2,801 $ 2,086 $ 1,230 48 % 44 % $ 1,141 $ 781 $ 948 $ 449 22 % 16 % $ 923 $ 0.75 $ 390 $ 0.32 $ 893 $ 0.73 Non - GAAP * Quarterly Financial Results Q3 2020 Q3 2021 $ 4,313 $ 2,801 $ 2,087 $ 1,231 48 % 44 % $ 1,035 $ 706 $ 1,055 $ 525 24 % 19 % Y / Y Up 54 % Up 70 % Up 450 bps Up 46 % Up 111 % Up 6pp Up 137 % Up 134 % $ 501 $ 0.41 Y / Y Up 54 % Up 70 % Up 440 bps Up 47 % Up 101 % AMD Communications 512-602-4425 drew.prairie@amd.com Up 5pp Up 78 % Up 78 % Investor Contact : Laura Graves AMD Investor Relations 408-749-5467 laura.graves@amd.com Q2 2021 $ 3,850 $ 1,830 48 % $ 1,000 $ 831 22 % Media Contact : Drew Prairie $ 710 $ 0.58 Q2 2021 $ 3,850 $ 1,832 48 % $ 909 $ 924 24 % $ 778 $ 0.63 Q / Q Up 12 % Up 14 % Up 80 bps Up 14 % Up 14 % Flat Up 30 % Up 29 % Q / Q Up 12 % Up 14 % Up 80 bps Up 14 % Up 14 % Flat Up 15 % Up 16 % " AMD had another record quarter as revenue grew 54 % and operating income doubled year - over - year , " said AMD president and CEO Dr. Lisa Su . " 3rd Gen EPYC processor shipments ramped significantly in the quarter as our data center sales more than doubled year - over - year . Our business significantly accelerated in 2021 , growing faster than the market based on our leadership products and consistent execution . " 1